Basic Systems Inc 401(K) Profit Sharing Plan & Trust — Form 5500 plan (Basic Systems Inc)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Basic Systems Inc 401(K) Profit Sharing Plan & Trust is a benefit plan reported by Basic Systems Inc under EIN 31-1055449 and plan number 001. The latest loaded filing year is 2023. The filing reports 107 participants and $14,219,576 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Basic Systems Inc
- EIN
- 31-1055449
- Plan number
- 001
- Plan type
- 2
- Location
- Cambridge, OH
- Latest filing year
- 2023
- Participants
- 107
- End-of-year plan assets
- $14,219,576
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 107 | H, C | 20241010160838NAL0036387360001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $14,219,576
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $14,219,576
- Net assets (BOY)
- $11,750,508
Income & contributions
- Employer contributions
- $236,058
- Participant contributions
- $362,878
- Total contributions
- $598,936
- Total income / additions
- $2,832,265
Expenses & distributions
- Benefits paid
- $314,509
- Administrative expenses
- $48,688
- Total expenses
- $363,197
- Net increase / (decrease)
- $2,469,068
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Confluence Wealth Services, Inc. | ADVISOR | $30,854 | not reported in the loaded dataset | 2023 |
| Paychex, Inc. | RECORDKEEPER | $14,530 | not reported in the loaded dataset | 2023 |